The BMW Group posted record net income, sales and revenue for the second quarter, while maintaining its impressive margins. The results continued a trend that began with a strong first quarter.
As it recorded its best ever quarterly sales volume and net profit figures between April and June, the company wrapped up negotiations with Intel and Mobileye that reflect the company’s effort “to play a leading role in developing safe and reliable automated driving,” BMW said in a statement that accompanied the second-quarter financial statement.
“We sold more vehicles in the second quarter than ever before and achieved record earnings. We are growing profitably while simultaneously implementing our strategy step by step,” said Harald Krüger, chairman of the Board of Management of BMW AG. (more…)